Division of Banking and Finance

Banking and Finance

Welcome to the Division of Banking and Finance at Nanyang Business School!

Our division comprises two groups. One group works in financial economics, and another specialises in actuarial science, insurance and risk analytics.

Our faculty's research is consistently featured in international conferences and top finance and actuarial/insurance journals, including the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Risk and Insurance, Insurance: Mathematics and Economics, and North American Actuarial Journal. Many of our colleagues have won international awards for their research and contributions to the field. We hold regular seminars featuring researchers from around the world and also run an active brown bag seminar. Our division consistently ranks among the top three in Asia for financial economics research (Olin Business School’s CAFR Ranking, UTD Top 100 Business School Research Rankings). Our division is also ranked among the top five business schools globally for research in Actuarial Science and Risk Management & Insurance (University of Nebraska–Lincoln Global Research Rankings).

Our division offers various programmes at the undergraduate, master's, and doctoral levels. At the undergraduate level, we offer four specializations including Banking and Finance, International Trading, Actuarial Science and Risk Analytics with a diverse set of courses. At the master's level, we offer an MSc in Financial Engineering and an MSc in Finance. Our Ph.D. students have the option to write a thesis in either finance or actuarial science/insurance. We are university partners with the Chartered Financial Analyst (CFA) Institute and the Chartered Alternative Investment Analyst (CAIA) Association. Our actuarial science programme is the only programme in Singapore that is accredited by the Institute and Faculty of Actuaries (IFoA) and is recognized by the Society of Actuaries (SOA) as a Center of Actuarial Excellence. 

Welcome again to our division. Do reach out if you would like to learn more or wish to collaborate with us.

 
  

Banking and Finance in the news

NTU Decarbonisation Forum

Uniting Industries for Climate Action: NTU Decarbonisation Forum

Ready to step up and lead your industry towards a sustainable future? Addressing the daunting challenges of slashing greenhouse gas emissions, Nanyang Business School is organising the inaugural NTU Decarbonisation Forum, in collaboration with the Centre for Sustainable Finance Innovation. The NTU Decarbonisation Forum culminates on 27 August, presenting the findings of the three working groups to an exclusive audience including members from the industry, academia, and the government. For further enquires, get in touch with NBS A/P Matthew Dearth at [email protected] or NBS A/P Xin DENG, Cindy at [email protected]
Zhu Wenjun

Appointment as Associate Editor for Annals of Actuarial Science

Associate Professor Zhu Wenjun has been appointed as Associate Editor for the Annals of Actuarial Science in 2024. The Annals of Actuarial Science (AAS) is published by the Institute and Faculty of Actuaries, with Cambridge University Press. The AAS publishes research in all areas of actuarial science and related fields, with the aim of promoting work that is rigorous and of clear relevance to actuarial applications.
Byoung-Hyoun Hwang

Appointment as Editor for Asia Pacific Journal of Financial Studies

Assoc Prof Byoung-Hyoun Hwang has been appointed as an Editor for Asia Pacific Journal of Financial Studies in 2024. Published by the Korean Securities Association, Asia-Pacific Journal of Financial Studies aims to contribute to the development of capital markets and the financial services industry in the Asia-Pacific region by promoting academic collaboration and mutual cooperation among scholars, professionals, and policymakers to share research interests and policy issues.
Shinichi Kamiya

Appointment as a Board Member of The Japanese Association of Risk, Insurance and Pensions (JARIP)

Assoc Prof Shinichi Kamiya has been appointed as a Board Member of The Japanese Association of Risk, Insurance and Pensions (JARIP) in 2024. The Japan Society of Insurance and Pension Risk Studies (JALP) is an academic organization that focuses on theoretical and empirical areas related to economic and financial decision-making, such as insurance markets in a broad sense, insurance risk, risk finance, insurance business risk management, insurance risk pricing, insurance derivatives, pension risk management, pension management, etc., and is a place for researchers and analysts from many fields across industry, government, and academia to freely and openly exchange opinions, information, research, and present their research.
Ru Hong

Appointment as Data Editor for The Journal of Finance

Assoc Prof Hong Ru has been appointed as a Data Editor for The Journal of Finance in 2024. The Journal of Finance publishes leading research across all the major fields of financial research. It is the most widely cited academic journal on finance. Each issue of the journal reaches over 8,000 academics, finance professionals, libraries, government and financial institutions around the world. Published six times a year, the journal is the official publication of The American Finance Association, the premier academic organization devoted to the study and promotion of knowledge about financial economics.

New Bachelor of Applied Computing in Finance Launched

NTU launched a new interdisciplinary degree programme Bachelor of Applied Computing in Finance on 16 November. The launch took place at the Singapore Fintech Festival 2023. Jointly offered by NBS and the School of Computer Science and Engineering, faculty from both schools will co-develop and co-teach several new integrated courses such as Blockchain in Finance, Machine Learning in Finance, and Ethics and Regulations for Digital Finance.
The Big Read With no foolproof way to prevent banking and e-payment services outages, what can businesses and consumers do

With no foolproof way to prevent banking and e-payment service outages, what can businesses and consumers do?

When DBS Bank and Citibank digital banking and e-payments services were down for hours following an issue at a data centre used by both banks, some experts highlighted vulnerabilities such as systemic risks from centralised data centres. “The fact that banks might opt for the same top-tier data centre or other IT service provider amplifies the likelihood of a systemic outage, which leads to more severe consequences for both businesses and consumers,” said A/P Cindy Deng Xin.
Tao Chen

Associate Professor Tao Chen has been appointed Vice-President (Programmes) of the AsianFA

Tao Chen has been appointed Vice-President (Programmes) of the AsianFA. Founded in 1993 with the merger of the Asia Pacific Finance Association and Pacific-Basin Financial Management Society, the AsianFA is governed by a board of directors representing over 20 universities across the region. The association brings two journals: International Review of Finance, published by Wiley and Pacific Basin Finance Journal, published by Elsevier.
What is cyber insurance and can it protect scam victims

What is cyber insurance and can it protect scam victims?

As scams proliferate, causing substantial financial losses due to cyber threats like phishing attacks and fake friend call scams, it is crucial to explore the potential of cyber insurance. However, it is important to recognise that current policies offer coverage for specific scam types. A/P Shinichi Kamiya emphasises the need for ongoing vigilance against scams, even when covered by insurance. He advises that insurance should be considered only after implementing adequate preventive measures, such as maintaining updated cybersecurity software and building awareness of cyber risks.
Society of Actuaries

Society of Actuaries Announces 2023 Actuarial Science Early Career Award Recipient

The Society of Actuaries (SOA) and its Education and Research Section are happy to announce the winner of the 2023 SOA Actuarial Science Early Career Award. This year's deserving recipient is Dr. Wenjun Zhu, FSA, CERA, an assistant professor in Nanyang Business School (NBS) at Nanyang Technological University (NTU) Singapore. Dr. Zhu is a Society of Actuaries James C. Hickman Scholar, and the first student to graduate from the PhD program at the University of Waterloo in 2015 without a Master's degree in the department.
Financial advice from influencers Take it with a large pinch of salt

Financial advice from influencers? Take it with a large pinch of salt

In an era where social media influencers exert great sway over decision-making, people should still do their due diligence, especially when it comes to wealth management and investment advice. Assoc Prof Tao Chen opined that if financial influencers are proven to spread false information, regulatory agencies and legislators should increase the severity of penalties.

Awardee of MOE AcRF Tier 3 Grant – 2023 Grant Call

We are pleased to share that Professor Simba Chang and Associate Professor Zhu Wenjun has been awarded the MOE Academic Research Funding (AcRF) Tier 3 grant for the research programme titled “Climate Transformation”.
Byoung-Hyoun Hwang

Awardee of MOE AcRF Tier 2 Grant – 2023 Grant Call

We are pleased to share that Associate Professor Hwang Byoung-Hyoun has been awarded the MOE Academic Research Funding (AcRF) Tier 2 grant for the research programme titled “Social Interactions and the Cross-Section of Expected Stock Returns”.

Associate Professor (Practice) Matthew Dearth published "Getting Started in Alternative Investments"

In Getting Started in Alternative Investments: Understanding the World of Investment Strategies, a team of accomplished investment and finance experts delivers a concise and robust exploration of mainstream and alternative investments. From cryptocurrencies to streetwear, you'll learn about new opportunities for investment capturing the imagination of the latest generation of investors. In this book, the authors discuss investments as varied as catastrophe bonds and non-fungible tokens, as well as the growing influence of the ESG (Environmental, Social, and Governance) movement on different financial instruments.

NTU-GAIP Case Competition

The NTU-GAIP Case Competition 2023 was a joint initiative organised by the NBS Actuarial Science Club and Global Asia Insurance Partnership. This was the first-ever national case competition that involved 572 students from both pre-university and university-levels. The competition aimed to raise awareness about the insurance profession and generate interest in the field among the young. The final competition took place at Marina Bay Sands on19 June where the top five teams out of the 142 teams from each category presented their findings and proposed solutions.

Launch of Centre for Sustainable Finance Innovation

The new Centre for Sustainable Finance Innovation was launched on 27 April by Mr Tan Chuan-Jin, Speaker of the Parliament as part of the NBS Knowledge Lab Dean’s Distinguished Speaker Series. The centre will examine how sustainable finance and financial technology can address environmental, social, and economic challenges. The launch was followed by a cocktail reception sponsored by London Stock Exchange Group (LSEG). Pictured from left: Associate Professor Cindy Xin Deng; Mr David Day (LSEG);Professor Simba Xing Chang; Mr Tan Chuan-Jin; and Dean Christina Soh.
Tao Chen

Appointment as Associate Editor for Financial Management Journal

Financial Management Association (FMA) International recently appointed Associate Professor Tao Chen as Associate Editor for the finance journal Financial Management. The journal is FMA’s flagship quarterly journal, publishing high-quality, peer-reviewed research in all established and emerging areas of financial economics.
Someone looking at graphs and pie charts on a laptop in an office

Our Research

We have more than 15 active research faculty members, who have published more than 60 papers in top finance journals. We offer excellent research support and have a seminar series, featuring finance professors from top business schools around the world.

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Finance
Actuarial Science, Risk Management and Insurance
  
  

Seminars

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The Division of Banking & Finance frequently organises seminars featuring finance professors from renowned business schools.
ntu finance conferece
 
  

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Our Faculty

Our Faculty

We have more than 15 active research faculty members, who have published more than 60 papers in top finance journals.

Our Programmes

The Division of Banking and Finance offers programmes at the undergraduate, master, and doctoral levels.
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Conferences and Symposiums

A list of the conferences and symposiums hosted by the Division of Banking and Finance.
  
  

Contact Us

Susan TAN (Ms) 
Academic Support Unit
Division of Banking & Finance
Office: ABS-06-039, Nanyang Business School
Nanyang Technological University
91 Nanyang Avenue, Gaia, Singapore 639956
Associate Professor Angie LOW An Chee
Head, Division of Banking & Finance
Office: ABS-06-035, Nanyang Business School
Nanyang Technological University

91 Nanyang Avenue, Gaia, Singapore 639956
Email: [email protected]

  
  

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